ED/2022/S2March2022ExposureDraftIFRS®SustainabilityDisclosureStandardInternationalSustainabilityStandardsBoard[Draft]IFRSS2Climate-relatedDisclosuresCommentstobereceivedby29July2022ExposureDraftClimate-relatedDisclosuresCommentstobereceivedby29July2022ExposureDraftED/2022/S2Climate-relatedDisclosuresispublishedbytheInternationalSustainabilityStandardsBoard(ISSB)forcommentonly.Commentsneedtobereceivedby29July2022andshouldbesubmittedbyemailtocommentletters@ifrs.orgoronlineathttps://www.ifrs.org/projects/open-for-comment/.Allcommentswillbeonthepublicrecordandpostedonourwebsiteatwww.ifrs.orgunlesstherespondentrequestsconfidentiality.Suchrequestswillnotnormallybegrantedunlesssupportedbyagoodreason,forexample,commercialconfidence.Pleaseseeourwebsitefordetailsonthispolicyandonhowweuseyourpersonaldata.Ifyouwouldliketorequestconfidentiality,pleasecontactusatcommentletters@ifrs.orgbeforesubmittingyourletter.Disclaimer:Totheextentpermittedbyapplicablelaw,theISSBandtheIFRSFoundation(Foundation)expresslydisclaimallliabilityhowsoeverarisingfromthispublicationoranytranslationthereofwhetherincontract,tortorotherwisetoanypersoninrespectofanyclaimsorlossesofanynatureincludingdirect,indirect,incidentalorconsequentialloss,punitivedamages,penaltiesorcosts.Informationcontainedinthispublicationdoesnotconstituteadviceandshouldnotbesubstitutedfortheservicesofanappropriatelyqualifiedprofessional.ISBNforthispart:978-1-914113-58-1ISBNforcompletepublication(fourparts):978-1-914113-57-4©2022IFRSFoundationAllrightsreserved.Reproductionanduserightsarestrictlylimited.PleasecontacttheFoundationforfurtherdetailsatpermissions@ifrs.org.CopiesofISSBpublicationsmaybeorderedfromtheFoundationbyemailingcustomerservices@ifrs.orgorvisitingourshopathttps://shop.ifrs.org.TheFoundationhastrademarksregisteredaroundtheworld(Marks)including‘IAS®’,‘IASB®’,theIASB®logo,‘IFRIC®’,‘IFRS®’,theIFRS®logo,‘IFRSforSMEs®’,theIFRSforSMEs®logo,‘InternationalAccountingStandards®’,‘InternationalFinancialReportingStandards®’,the‘HexagonDevice’,‘NIIF®’and‘SIC®’.FurtherdetailsoftheFoundation’sMarksareavailablefromtheFoundationonrequest.TheFoundationisanot-for-profitcorporationundertheGeneralCorporationLawoftheStateofDelaware,USAandoperatesinEnglandandWalesasanoverseascompany(Companynumber:FC023235)withitsprincipalofficeintheColumbusBuilding,7WestferryCircus,CanaryWharf,London,E144HD.CONTENTSfrompageINTRODUCTION5INVITATIONTOCOMMENT8[DRAFT]IFRSS2CLIMATE-RELATEDDISCLOSURESOBJECTIVE32SCOPE32GOVERNANCE32STRATEGY33RISKMANAGEMENT39METRICSANDTARGETS40APPENDICES44ADefinedterms44BIndustry-baseddisclosurerequirements(seeseparatebooklet)49CEffectivedate57APPROVALBYTHEISSBCHAIRANDVICE-CHAIROFEXPOSUREDRAFTIFRSS2CLIMATE-RELATEDDISCLOSURESPUBLISHEDINMARCH202258ILLUSTRATIVEGUIDANCE(seeseparatebooklet)BASISFORCONCLUSIONS(seeseparatebooklet)CLIMATE-RELATEDDISCLOSURES©IFRSFoundation3[Draft]IFRSS2Climate-relatedDisclosuresissetoutinparagraphs1—24andAppendicesA—C.Alltheparagraphshaveequalauthority.Paragraphsinboldtypestatethemainprinciples.TermsdefinedinAppendixAareinitalicsthefirsttimetheyappearinthe[draft]Standard.DefinitionsofothertermsaregiveninotherIFRSSustainabilityDisclosureStandards.The[draft]Standardshouldbereadinthecontextofitsobjective,theBasisforConclusionsand[draft]IFRSS1GeneralRequirementsforDisclosureofSus...